Brought forward loss from house property of ₹2,25,000 of A.Y. 2021-22 is allowed to be set-off against income from house property of A.Y. 2022-23 of ₹4,00,000 to the extent of:

CS Executive · Tax Laws · PYQS · December 2022
Brought forward loss from house property of ₹2,25,000 of A.Y. 2021-22 is allowed to be set-off against income from house property of A.Y. 2022-23 of ₹4,00,000 to the extent of:
(A) ₹2,00,000
(B) ₹2,25,000
(C) ₹1,75,000
(D) ₹4,00,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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